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[SCHEDULE 13G/A] NovaGold Resources Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary

On 25 Jul 2025 Kopernik Global Investors, LLC and its CIO David B. Iben filed Amendment No. 1 to Schedule 13G for NovaGold Resources (NG). The reporting persons disclose beneficial ownership of 30,583,604 common shares, equal to 7.4 % of the company’s float. The stake includes 6,375,000 shares that can be acquired through warrants. Kopernik reports 0 shares with sole voting/dispositive power, 28,499,413 shares with shared voting power and 30,583,604 shares with shared dispositive power.

Kopernik (SEC-registered adviser, Type IA) and Mr. Iben certify that the securities are held in the ordinary course and without intent to influence control. The ownership percentage is calculated against 413,272,647 shares outstanding (406,897,647 issued plus the warrant shares). Because the position exceeds the 5 % threshold, a passive Schedule 13G is required; this amendment updates Kopernik’s February 2025 filing. No additional transactions, earnings data or change-of-control plans are disclosed.

Il 25 luglio 2025 Kopernik Global Investors, LLC e il suo CIO David B. Iben hanno presentato l'Emendamento n. 1 al Modulo 13G per NovaGold Resources (NG). Le persone che riportano dichiarano una partecipazione beneficiaria di 30.583.604 azioni ordinarie, pari al 7,4% del flottante della società. La quota include 6.375.000 azioni acquisibili tramite warrant. Kopernik segnala 0 azioni con potere di voto/dispositivo esclusivo, 28.499.413 azioni con potere di voto condiviso e 30.583.604 azioni con potere dispositivo condiviso.

Kopernik (consulente registrato presso la SEC, Tipo IA) e il signor Iben certificano che i titoli sono detenuti nell'ordinaria gestione e senza intenzione di influenzare il controllo. La percentuale di proprietà è calcolata su 413.272.647 azioni in circolazione (406.897.647 emesse più le azioni dei warrant). Poiché la posizione supera la soglia del 5%, è richiesto un modulo 13G passivo; questo emendamento aggiorna la dichiarazione di Kopernik di febbraio 2025. Non sono state comunicate ulteriori transazioni, dati sugli utili o piani di cambio di controllo.

El 25 de julio de 2025, Kopernik Global Investors, LLC y su CIO David B. Iben presentaron la Enmienda N.º 1 al Anexo 13G para NovaGold Resources (NG). Las personas que informan revelan una propiedad beneficiaria de 30.583.604 acciones ordinarias, equivalente al 7,4% del flotante de la compañía. La participación incluye 6.375.000 acciones que pueden adquirirse mediante warrants. Kopernik reporta 0 acciones con poder exclusivo de voto/disposición, 28.499.413 acciones con poder compartido de voto y 30.583.604 acciones con poder compartido de disposición.

Kopernik (asesor registrado en la SEC, Tipo IA) y el Sr. Iben certifican que los valores se mantienen en el curso ordinario y sin intención de influir en el control. El porcentaje de propiedad se calcula sobre 413.272.647 acciones en circulación (406.897.647 emitidas más las acciones de los warrants). Debido a que la posición supera el umbral del 5%, se requiere un Anexo 13G pasivo; esta enmienda actualiza la presentación de Kopernik de febrero de 2025. No se divulgan transacciones adicionales, datos de ganancias ni planes de cambio de control.

2025� 7� 25�, Kopernik Global Investors, LLC와 � CIO� David B. Iben� NovaGold Resources(NG)� 대� 스케� 13G 수정� 1호를 제출했습니다. 보고자는 30,583,604 보통주를 실질 소유하고 있으�, 이는 회사 유통 주식� 7.4%� 해당합니�. � 지분에� 워런트를 통해 취득� � 있는 6,375,000주가 포함되어 있습니다. Kopernik은 단독 의결�/처분권이 있는 주식은 0�, 공동 의결권이 있는 주식은 28,499,413�, 공동 처분권이 있는 주식은 30,583,604주를 보고했습니다.

Kopernik(SEC 등록 자문�, 유형 IA)� Iben 씨는 증권� 정상적인 거래 과정에서 보유되었으며 지배권� 영향� 미칠 의도가 없음� 인증합니�. 소유 비율은 413,272,647�(발행 주식 406,897,647� � 워런� 주식 포함)� 기준으로 계산되었습니�. 보유 지분이 5% 기준� 초과하므� 수동 스케� 13G 제출� 요구되며, 이번 수정서는 2025� 2� Kopernik� 제출 내용� 업데이트� 것입니다. 추가 거래, 수익 데이� 또는 지배권 변� 계획은 공개되지 않았습니�.

Le 25 juillet 2025, Kopernik Global Investors, LLC et son CIO David B. Iben ont déposé l'Amendement n° 1 au Schedule 13G pour NovaGold Resources (NG). Les personnes déclarantes révèlent une propriété bénéficiaire de 30 583 604 actions ordinaires, soit 7,4 % du flottant de la société. Cette participation inclut 6 375 000 actions pouvant être acquises par le biais de warrants. Kopernik déclare 0 action avec pouvoir exclusif de vote/disposition, 28 499 413 actions avec pouvoir de vote partagé et 30 583 604 actions avec pouvoir de disposition partagé.

Kopernik (conseiller enregistré auprès de la SEC, Type IA) et M. Iben certifient que les titres sont détenus dans le cours normal des affaires et sans intention d'influencer le contrôle. Le pourcentage de détention est calculé sur la base de 413 272 647 actions en circulation (406 897 647 émises plus les actions des warrants). Étant donné que la position dépasse le seuil de 5 %, un Schedule 13G passif est requis ; cet amendement met à jour le dépôt de Kopernik de février 2025. Aucune transaction supplémentaire, donnée sur les bénéfices ou plan de changement de contrôle n'est divulgué.

Am 25. Juli 2025 reichten Kopernik Global Investors, LLC und dessen CIO David B. Iben die Änderung Nr. 1 zum Schedule 13G für NovaGold Resources (NG) ein. Die meldenden Personen geben einen wirtschaftlichen Eigentum von 30.583.604 Stammaktien an, was 7,4 % des Streubesitzes der Gesellschaft entspricht. Der Anteil umfasst 6.375.000 Aktien, die über Warrants erworben werden können. Kopernik meldet 0 Aktien mit alleinigem Stimm- und Verfügungsrecht, 28.499.413 Aktien mit gemeinsamem Stimmrecht und 30.583.604 Aktien mit gemeinsamem Verfügungsrecht.

Kopernik (bei der SEC registrierter Berater, Typ IA) und Herr Iben bestätigen, dass die Wertpapiere im normalen Geschäftsverlauf und ohne Absicht zur Einflussnahme auf die Kontrolle gehalten werden. Der Eigentumsanteil wird auf Grundlage von 413.272.647 ausstehenden Aktien berechnet (406.897.647 ausgegebene Aktien plus die Warrants). Da die Position die 5 %-Schwelle überschreitet, ist ein passiver Schedule 13G erforderlich; diese Änderung aktualisiert die Einreichung von Kopernik vom Februar 2025. Es werden keine weiteren Transaktionen, Gewinnzahlen oder Kontrollwechselpläne offengelegt.

Positive
  • Kopernik Global Investors and David B. Iben report a 7.4 % passive stake in NovaGold, reflecting sustained institutional confidence.
Negative
  • None.

Insights

TL;DR � Kopernik’s 7.4 % passive stake underscores continued institutional support; limited near-term valuation impact.

The filing confirms Kopernik and CIO David Iben collectively control 30.6 M NG shares, including 6.4 M warrants, but hold no sole voting authority. As a passive 13G, the position signals confidence in NovaGold’s underlying assets without indicating activist intentions. Institutional ownership above 5 % can improve liquidity and sentiment, yet lacks the catalysts usually associated with 13D activists. Investors should view the disclosure as neutral-to-positive confirmation of ongoing support rather than a driver of immediate re-rating.

TL;DR � Governance risk unchanged; Kopernik’s filing shows no intent to influence board or strategy.

Because Kopernik chose Schedule 13G rather than 13D, it affirms a passive stance, reducing the likelihood of governance disruptions. Shared voting/dispositive powers are typical for an investment adviser managing client accounts. With zero sole control, NG’s current governance framework remains intact. The certification clause further mitigates control-change concerns. Overall impact on governance dynamics is minimal.

Il 25 luglio 2025 Kopernik Global Investors, LLC e il suo CIO David B. Iben hanno presentato l'Emendamento n. 1 al Modulo 13G per NovaGold Resources (NG). Le persone che riportano dichiarano una partecipazione beneficiaria di 30.583.604 azioni ordinarie, pari al 7,4% del flottante della società. La quota include 6.375.000 azioni acquisibili tramite warrant. Kopernik segnala 0 azioni con potere di voto/dispositivo esclusivo, 28.499.413 azioni con potere di voto condiviso e 30.583.604 azioni con potere dispositivo condiviso.

Kopernik (consulente registrato presso la SEC, Tipo IA) e il signor Iben certificano che i titoli sono detenuti nell'ordinaria gestione e senza intenzione di influenzare il controllo. La percentuale di proprietà è calcolata su 413.272.647 azioni in circolazione (406.897.647 emesse più le azioni dei warrant). Poiché la posizione supera la soglia del 5%, è richiesto un modulo 13G passivo; questo emendamento aggiorna la dichiarazione di Kopernik di febbraio 2025. Non sono state comunicate ulteriori transazioni, dati sugli utili o piani di cambio di controllo.

El 25 de julio de 2025, Kopernik Global Investors, LLC y su CIO David B. Iben presentaron la Enmienda N.º 1 al Anexo 13G para NovaGold Resources (NG). Las personas que informan revelan una propiedad beneficiaria de 30.583.604 acciones ordinarias, equivalente al 7,4% del flotante de la compañía. La participación incluye 6.375.000 acciones que pueden adquirirse mediante warrants. Kopernik reporta 0 acciones con poder exclusivo de voto/disposición, 28.499.413 acciones con poder compartido de voto y 30.583.604 acciones con poder compartido de disposición.

Kopernik (asesor registrado en la SEC, Tipo IA) y el Sr. Iben certifican que los valores se mantienen en el curso ordinario y sin intención de influir en el control. El porcentaje de propiedad se calcula sobre 413.272.647 acciones en circulación (406.897.647 emitidas más las acciones de los warrants). Debido a que la posición supera el umbral del 5%, se requiere un Anexo 13G pasivo; esta enmienda actualiza la presentación de Kopernik de febrero de 2025. No se divulgan transacciones adicionales, datos de ganancias ni planes de cambio de control.

2025� 7� 25�, Kopernik Global Investors, LLC와 � CIO� David B. Iben� NovaGold Resources(NG)� 대� 스케� 13G 수정� 1호를 제출했습니다. 보고자는 30,583,604 보통주를 실질 소유하고 있으�, 이는 회사 유통 주식� 7.4%� 해당합니�. � 지분에� 워런트를 통해 취득� � 있는 6,375,000주가 포함되어 있습니다. Kopernik은 단독 의결�/처분권이 있는 주식은 0�, 공동 의결권이 있는 주식은 28,499,413�, 공동 처분권이 있는 주식은 30,583,604주를 보고했습니다.

Kopernik(SEC 등록 자문�, 유형 IA)� Iben 씨는 증권� 정상적인 거래 과정에서 보유되었으며 지배권� 영향� 미칠 의도가 없음� 인증합니�. 소유 비율은 413,272,647�(발행 주식 406,897,647� � 워런� 주식 포함)� 기준으로 계산되었습니�. 보유 지분이 5% 기준� 초과하므� 수동 스케� 13G 제출� 요구되며, 이번 수정서는 2025� 2� Kopernik� 제출 내용� 업데이트� 것입니다. 추가 거래, 수익 데이� 또는 지배권 변� 계획은 공개되지 않았습니�.

Le 25 juillet 2025, Kopernik Global Investors, LLC et son CIO David B. Iben ont déposé l'Amendement n° 1 au Schedule 13G pour NovaGold Resources (NG). Les personnes déclarantes révèlent une propriété bénéficiaire de 30 583 604 actions ordinaires, soit 7,4 % du flottant de la société. Cette participation inclut 6 375 000 actions pouvant être acquises par le biais de warrants. Kopernik déclare 0 action avec pouvoir exclusif de vote/disposition, 28 499 413 actions avec pouvoir de vote partagé et 30 583 604 actions avec pouvoir de disposition partagé.

Kopernik (conseiller enregistré auprès de la SEC, Type IA) et M. Iben certifient que les titres sont détenus dans le cours normal des affaires et sans intention d'influencer le contrôle. Le pourcentage de détention est calculé sur la base de 413 272 647 actions en circulation (406 897 647 émises plus les actions des warrants). Étant donné que la position dépasse le seuil de 5 %, un Schedule 13G passif est requis ; cet amendement met à jour le dépôt de Kopernik de février 2025. Aucune transaction supplémentaire, donnée sur les bénéfices ou plan de changement de contrôle n'est divulgué.

Am 25. Juli 2025 reichten Kopernik Global Investors, LLC und dessen CIO David B. Iben die Änderung Nr. 1 zum Schedule 13G für NovaGold Resources (NG) ein. Die meldenden Personen geben einen wirtschaftlichen Eigentum von 30.583.604 Stammaktien an, was 7,4 % des Streubesitzes der Gesellschaft entspricht. Der Anteil umfasst 6.375.000 Aktien, die über Warrants erworben werden können. Kopernik meldet 0 Aktien mit alleinigem Stimm- und Verfügungsrecht, 28.499.413 Aktien mit gemeinsamem Stimmrecht und 30.583.604 Aktien mit gemeinsamem Verfügungsrecht.

Kopernik (bei der SEC registrierter Berater, Typ IA) und Herr Iben bestätigen, dass die Wertpapiere im normalen Geschäftsverlauf und ohne Absicht zur Einflussnahme auf die Kontrolle gehalten werden. Der Eigentumsanteil wird auf Grundlage von 413.272.647 ausstehenden Aktien berechnet (406.897.647 ausgegebene Aktien plus die Warrants). Da die Position die 5 %-Schwelle überschreitet, ist ein passiver Schedule 13G erforderlich; diese Änderung aktualisiert die Einreichung von Kopernik vom Februar 2025. Es werden keine weiteren Transaktionen, Gewinnzahlen oder Kontrollwechselpläne offengelegt.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: "Shared Dispositive Power" and "Aggregate amount beneficially owned by each reporting person" includes 6,375,000 Common Shares that Kopernik Global Investors, LLC has the right to acquire pursuant to warrants. "Percentage of class represented by amount in Row (11)" is based on 413,272,647 Common Shares outstanding which is the sum of (i) 406,897,647 Common Shares outstanding as set forth on the Toronto Stock Exchange under the symbol "NG" as of July 23, 2025 and (ii) 6,375,00 Common Shares issuable upon the exercise of the warrants.


SCHEDULE 13G




Comment for Type of Reporting Person: "Shared Dispositive Power" and "Aggregate amount beneficially owned by each reporting person" includes 6,375,000 Common Shares that Kopernik Global Investors, LLC has the right to acquire pursuant to warrants. "Percentage of class represented by amount in Row (11)" is based on 413,272,647 Common Shares outstanding which is the sum of (i) 406,897,647 Common Shares outstanding as set forth on the Toronto Stock Exchange under the symbol "NG" as of July 23, 2025 and (ii) 6,375,00 Common Shares issuable upon the exercise of warrants.


SCHEDULE 13G



Kopernik Global Investors, LLC
Signature:/s/Sarah L. Bertrand
Name/Title:Sarah L. Bertrand General Counsel and Chief Compliance Officer
Date:07/25/2025
David B. Iben
Signature:/s/ David B. Iben by Sarah L. Bertrand, power of attorney
Name/Title:David B. Iben by Sarah L. Bertrand, power of attorney
Date:07/25/2025
Exhibit Information

99.1 Joint Filing Agreement, dated February 12, 2025, by and between Kopernik Global Investors, LLC and David B. Iben is incorporated herein by reference to Exhibit 99.1 of Schedule 13G filed with he SEC via EDGAR Accession No. 0000930413-25-000538 on February 12, 2025. 99.2 Power of Attorney appointing Sarah L. Bertrand, dated October 25, 2024, signed by David B. Iben is incorporated herein by reference to Exhibit 99.2 of Schedule 13G filed with he SEC via EDGAR Accession No. 0000930413-25-000538 on February 12, 2025.

FAQ

How many NovaGold (NG) shares does Kopernik own?

Kopernik and David B. Iben beneficially own 30,583,604 common shares, including warrant shares.

What percentage of NG’s outstanding shares does this represent?

The position equals 7.4 % of NovaGold’s outstanding common shares.

Does Kopernik have sole voting power over the shares?

No. Kopernik reports 0 shares with sole voting power and 28,499,413 with shared voting power.

Are warrants included in the reported ownership?

Yes. The total includes 6,375,000 common shares issuable upon warrant exercise.

Why was a Schedule 13G/A filed instead of a Schedule 13D?

The filing is passive; Kopernik states it has no intent to influence control, qualifying for Schedule 13G.

When did the ownership position become reportable?

The triggering event date for this amendment is 30 Jun 2025; the filing was signed on 25 Jul 2025.
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